Are personal representatives usually paid?
There is no requirement that the executor be paid, but most receive compensation for the work they do. Personal expenses are always paid and the representative usually receives a fee of around 2% of the estate’s total value. In some states, this is mandated by law. The fee usually gets smaller as the estate’s value grows.
Any funds paid to the executor must be approved by the probate court. In some circumstances, additional fees can be awarded.
Send a Message
An email will be sent to the owner